RE:Technicals and the Family Feud when risking any significant capital TA only partly supports my buying thesis and needs to coincide with positive fundamentals which I think this sector and this company has. The price of lumber really got moving again on Friday and looking at the 10 year chart on Lumber we could see some historical highs in the works for the latter part of the year. I have only partly followed this company over the past few years and just occasionally checking in to see how the stock price has performed. However I really like how the stars are lining up here and of course using the ETF as a bell whether to gauge sector performance I believe is equally as important. I really like that all this comes at a time when the company has received approval for a normal course issuer bid and pays a dividend.
That said I think upside risk is tremendous here and just a matter of days/weeks before this long term resistence gives way. Still early to the party even at these prices IMO. Cheers